The Multilateral Investment Guarantee Agency (MIGA) of the World Bank had so far supported 16 renewable energy projects in South Africa, with a total generating capacity of 1.4 GW, reported MIGA VP operations Junaid Ahmad on Wednesday. He was speaking to the 2024 Africa Green Economy Summit, being held in Cape Town, via a live video link from Washington DC in the US (where it was 03:00, when he delivered his address). He pointed out that the opportunity for the green energy transition in South Africa was huge. However, the country would have to build 1 000 km of transmission lines a year to properly tap this opportunity.
